Iran'.s light and higher-value crude averaged $41 per barrel in 2016 and its heavy oil grade averaged $39.19.
Read More »Petchem Companies Struggle Against India Restrictions
Data shows that the international sanctions took a toll on Iran'.s petrochemical industry.
Read More »NITC Looks for Removal from EU Sanctions List
NITC operates one of the world'.s largest tanker fleet ahead of regional rival Saudi Arabia as well as Qatar. Oman and the UAE.
Read More »Iran Discovers New Shale Gas Reserves
Implementation of research project to identify gas shales has begun in Lorestan province and the Zagros basin.
Read More »Iran’s Energy Sector 2016: The Notable Events
Major European companies including Royal Dutch Shell. BP. Total and Eni resumed buying Iran'.s crude oil last year as Iran ramped up oil sales to its traditional customers in Asia.
Read More »NIOC`s Cooperation with South Korea`s Daelim
Iran has an abundance of natural resources. the world'.s second largest natural gas reserves and fourth largest oil reserves.
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